Sacks & Associates LLC Buys 34,940 Shares of iShares S&P 500 Growth ETF $IVW

Sacks & Associates LLC purchased a new stake in iShares S&P 500 Growth ETF (NYSEARCA:IVW) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 34,940 shares of the company’s stock, valued at approximately $4,971,000. iShares S&P 500 Growth ETF accounts for about 3.5% of Sacks & Associates LLC’s investment portfolio, making the stock its 8th largest position.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Bank of America Corp DE increased its holdings in shares of iShares S&P 500 Growth ETF by 6.6% during the 1st quarter. Bank of America Corp DE now owns 19,779,268 shares of the company’s stock worth $2,237,233,000 after purchasing an additional 1,229,382 shares during the period. Wells Fargo & Company MN lifted its stake in shares of iShares S&P 500 Growth ETF by 0.5% in the fourth quarter. Wells Fargo & Company MN now owns 15,021,156 shares of the company’s stock valued at $1,851,508,000 after buying an additional 80,216 shares during the period. Cetera Investment Advisers lifted its stake in shares of iShares S&P 500 Growth ETF by 5.4% in the first quarter. Cetera Investment Advisers now owns 4,754,617 shares of the company’s stock valued at $537,795,000 after buying an additional 245,310 shares during the period. Lido Advisors LLC grew its position in iShares S&P 500 Growth ETF by 2.3% during the first quarter. Lido Advisors LLC now owns 3,873,907 shares of the company’s stock worth $438,178,000 after buying an additional 85,467 shares in the last quarter. Finally, Mariner LLC grew its position in iShares S&P 500 Growth ETF by 1.7% during the fourth quarter. Mariner LLC now owns 3,665,537 shares of the company’s stock worth $451,818,000 after buying an additional 61,398 shares in the last quarter.

iShares S&P 500 Growth ETF Stock Up 0.8%

Shares of IVW opened at $145.24 on Friday. iShares S&P 500 Growth ETF has a 12-month low of $108.13 and a 12-month high of $146.83. The firm has a market capitalization of $80.06 billion, a price-to-earnings ratio of 33.33 and a beta of 1.17. The stock’s 50-day moving average price is $140.98 and its 200 day moving average price is $134.72.

iShares S&P 500 Growth ETF Company Profile

iShares S&P 500 Growth ETF, formerly iShares S&P 500 Growth Index Fund (the Growth Fund), is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P 500/Citigroup Growth Index (the Growth Index). The Growth Index measures the performance of the large-capitalization growth sector of the United States equity market. The Growth Index is a subset of the S&P 500 and consists of those stocks in the S&P 500 exhibiting the strongest growth characteristics.